Legal Law

All Associates Get Raises And Particular Bonuses At This Biglaw Agency — However Not On The DPW Scale

Biglaw raises continue to be this summer’s hot new craze. Associates are absolutely thrilled about the prospect of being paid on a salary scale that starts at $205,000. With special bonuses on top of those huge salaries and year-end bonuses coming in just a few months, 2021 is shaping up to be a splendid year indeed. Unfortunately, not everyone is getting raised up to the Davis Polk scale, but a raise is a raise, so let’s get excited, folks.

Kelley Drye & Warren brought in $221,916,000 gross revenue in 2020, and was ranked No. 141 in the most recent Am Law 100. Instead of matching the most generous Davis Polk scale, the firm has increased salaries for all associates and special counsel by $10,000. In addition to those raises, the firm is finally handing out special bonuses to attorneys — but again, they aren’t on the Davis Polk scale. Here’s what special bonuses look like at Kelley Drye:

Discovery Attorneys: $5,000

Junior Associates (Class of 2018-2020): $10,000

Mid-Level Associates (Class of 2015-2017): $20,000

Senior Associates & Special Counsel (Class of 2014+): $30,000

Special bonuses will be split into two payments (July 31 and December 2021), the first of which will be available to those who have 1800 hours, annualized and accountable. The second payment will go to those who have billed 1800 hours for the year — and those who were ineligible for the first payment will be able to catchup at year-end if their hours are on point.

Congratulations to everyone at Kelley Drye — including summer associates, who will also be getting a raise!

(Flip to the next page to see the full memo from Kelley Drye & Warren.)

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Staci ZaretskyStaci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

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